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Such an agreement
may be incorporated in a contract between the parties out of which the
disputes and differences have arisen, or by a separate agreement, which
the parties may enter into. The arbitration agreement which would enable
the Centre to administer the arbitration should follow the pattern of these
model arbitration clauses:
• This model clause is to be incorporated
in a contract:
"Any dispute, controversy or claim
arising out of or relating to this contract, or the breach, termination
or invalidity thereof, shall be decided by arbitration in accordance with
the Rules for Arbitration of the
Kuala Lumpur Regional
Centre for Arbitration."
NOTE: Parties may wish to consider
adding: (a) The appointing authority shall be the
Kuala Lumpur Regional
Centre for Arbitration. (b) The number of arbitrators shall be ....... (one or three).
(c) The place of arbitration shall be .......... (town or country). (d)
The language(s) to be used in the arbitration proceedings shall be .........
(e) The law applicable to this contract shall be that of .........
• Parties wishing to substitute an
existing arbitration clause for one referring the dispute to arbitration
under the Rules of the
Kuala Lumpur Regional
Centre for Arbitration may
adopt the following form of agreement. This form may also be used where
a contract does not contain an arbitration clause:
"The parties hereby agree that the
dispute arising out of the contract dated __________ shall be settled by
arbitration under the Rules of the
Kuala Lumpur Regional
Centre for Arbitration."
Please refer to the Rules of the
Centre for full details and the process flow. |